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In September 2006, Peter Kalikow, chairman of the Metropolitan Transportation Authority, eliminated a five percent fare increase for subways, buses and train on the grounds that revenues are running ahead of schedule. CBC recommends two strategies: 1) a greater commitment to productivity enhancements in order to reduce the rate of cost increases and 2) increasing revenue.

In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs. This report examines the two problems and suggests alternative financing policies for the MTA that would balance its operating budget and provide sufficient capital to accelerate the pace at which its facilities are brought to a state of good repair.